EUR/USD, “Euro vs US Dollar”

EUR/USD has broken above the 1.0829 level and continues to develop a correction, with the correction target at 1.0861. Once the correction is over, the price could start a new downward movement, aiming for 1.0780. A downward breakout of this level will open the potential for trend expansion to the local target of 1.0690.

EURUSD

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD has breached the 1.2623 level, continuing to develop a correction towards 1.2672. After the correction, the price is expected to decline to 1.2544. With a breakout of this level, the trend will have the potential to continue to the local target of 1.2467.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is currently in a consolidation phase around 151.44, without any strong trend. A decline towards 150.77 is not ruled out today, followed by a growth wave to 151.85, from where the trend might continue to 152.60. This is the first target.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has broken above the consolidation range around 0.8984. Practically, upward momentum could continue towards 0.9018 today, with the trend potentially developing to the first target of 0.9027.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is currently in a consolidation phase around 0.6530. Today the consolidation range might expand to 0.6555. Practically, this growth is considered a correction. Once the correction is over, a decline wave towards 0.6500 could start. A breakout of this level will open the potential for a decline by the trend towards the local target of 0.6470.

AUDUSD

Brent

Brent has broken above the 85.70 level, maintaining its momentum towards 86.86. With a breakout of this level, the trend might expand towards the local target of 89.20. After the price reaches this level, a correction phase towards 85.00 is not ruled out. Next, the trend is expected to continue to 89.90.

Brent

XAU/USD, “Gold vs US Dollar”

Gold is currently in a consolidation phase around 2170.96. Today the consolidation range could expand to 2184.90. Next, a decline wave towards the first target of 2155.20 could develop. After the price reaches this level, a correction could start, aiming for 2188.88.

XAUUSD

S&P 500

The stock index has completed a decline wave towards 5220.5. Today, a correction phase towards 5244.5 (testing from below) is expected. Once the correction is over, a decline wave could start, aiming for 5193.0. A breakout of this level will open the potential for a downward movement by the trend towards the local target of 5142.0.

S&P

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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GBP/USD stabilizes above 1.2700 after downbeat UK Retail Sales-led dip

GBP/USD stabilizes above 1.2700 after downbeat UK Retail Sales-led dip

GBP/USD staged a rebound and stabilized above 1.2700 after dropping to a weekly low below 1.2680 in the early European session in response to the disappointing UK Retail Sales data. The USD struggles to find demand on upbeat risk mood and allows the pair to hold its ground. 

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Gold rebounds to $2,340 area, stays deep in red for the week

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Gold fell nearly 4% in the previous two trading days and touched its weakest level in two weeks below $2,330 on Thursday. As US Treasury bond yields stabilize on Friday, XAU/USD stages a correction toward $2,340 but remains on track to post large weekly losses.

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